HR 3312 · 107th Congress · Taxation

RAFT (Restore Access to Foreign Trade) Act

Introduced 2001-11-16· Sponsored by Rep. Weller, Jerry [R-IL-11]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2001-11-16)

Plain Language Summary

[AI summary unavailable — showing source text] RAFT (Restore Access to Foreign Trade) Act - Amends the Internal Revenue Code to eliminate foreign base company shipping income from inclusion as foreign base company income. Revises the definition of "shipping income" with respect to the application of the foreign tax credit.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (7)

2 Democrats5 Republicans
Rep. Rangel, Charles B. [D-NY-15]NY
Rep. Crane, Philip M. [R-IL-8]IL
Rep. Foley, Mark [R-FL-16]FL
Rep. Shimkus, John [R-IL-20]IL
Rep. Biggert, Judy [R-IL-13]IL
Rep. Jefferson, William J. [D-LA-2]LA
Rep. Lewis, Ron [R-KY-2]KY